Thursday, June 6, 2013

Panzura Raises $25 Million for Cloud Storage

Panzura, a start-up based in San Jose, California, raised $25 million in Series D funding for its cloud storage solution.


Panzura offers a cloud-integrated storage system for enterprises with network attached storage (NAS) functionality, native cloud support, a globally distributed file system, built-in FIPS 140-2 certified security and data protection, as well as high speed data transfer rates to and from the cloud.
The company said its customer base grew by 700 percent in 2012 and that it now had the largest number of petabytes under management.

The latest funding round was led by Meritech Capital Partners with participation from its existing investors Matrix Partners, Khosla Ventures, Opus Capital and Chevron Technology Ventures.

"Panzura is delighted to be adding the expertise of our new partners at Meritech, and particularly late-stage funding guru Paul Madera to our board, and we are encouraged by the ongoing support of our existing longtime partners,” said Randy Chou, CEO and co-founder of Panzura. “Panzura provides the only viable cloud-based solution for the enterprise, directly enabling high-value business objectives – such as improved cost, scale, management, availability and global access – while fitting seamlessly into existing IT infrastructures."

http://www.panzura.com

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